Totally Country 6 Pimco's Gross Warns that Further U.S. Housing Declines Could Be "Ruinous"
Apr 29

The S&P Case-Shiller home price index continued its
sharp decline in February as both the 10-city and 20-city composite
indexes posted record annual declines in excess of 12.5%.

The weakest markets over the past year have been Las
Vegas and Miami, which have fallen by 22.8% and 21.7%, respectively.

Jacqui Douglas, economic strategist at TD Securities,
said, “Charlotte, NC continues to be the only Composite-
20 city posting year-over-year gains, although only barely at…

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